Delivery Hero to divest Taiwan food delivery business for $600m

Delivery Hero has signed an statement to merchantability its Foodpanda operations successful Taiwan to Southeast Asian ‌ride-hailing and transportation institution Grab for $600m successful cash.

In a statement, Delivery Hero said that the woody forms the archetypal measurement successful an ongoing strategical review.

The institution plans to usage the nett proceeds from the woody to repay indebtedness and for wide firm purposes, including strengthening its superior structure.

The transaction is expected to adjacent successful the 2nd fractional of this year, taxable to regulatory approvals.

Following completion, Foodpanda’s section customers, vendors and transportation partners successful Taiwan are expected to modulation to Grab. Delivery Hero said it remains “fully committed” to operating arsenic accustomed successful the marketplace until closing.

Delivery Hero co-founder and CEO Niklas Östberg said: “The Foodpanda squad successful Taiwan has built a fantastic business, and we convey them for their hard work.

"A transaction similar this is simply a important undertaking, but we are delighted to person agreed this currency deal, which reflects the spot and attractiveness of the concern successful Taiwan."

Meanwhile, the transaction volition springiness Singapore-based Grab a transportation foothold extracurricular Southeast Asia.

Grab co-founder and Group CEO Anthony Tan said: “This acquisition volition people Grab’s enlargement into Taiwan, our ninth marketplace and archetypal extracurricular of Southeast Asia.

“This is simply a earthy adjacent measurement for Grab, arsenic our acquisition successful Southeast Asia is simply a nonstop acceptable for this market. We spot a important accidental to turn the nutrient and groceries transportation country here.”

In full-year 2025, Delivery Hero’s Taiwan nutrient transportation operations generated gross merchandise worth (GMV) of €1.5bn ($1.75bn) and delivered affirmative adjusted EBITDA [earnings earlier interest, taxes, depreciation, and amortisation].

"Delivery Hero to divest Taiwan nutrient transportation concern for $600m" was primitively created and published by Verdict Food Service, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.